Professional Documents
Culture Documents
Passengers Bus and Cargo Trucks
Passengers Bus and Cargo Trucks
For the month of June, 2006, it had the data on revenues and
receipts, taxes not included:
Percentage tax:
13. The Sports Promotions, Inc. is a sports promoter which leases the Manila Coliseum at a monthly rental of P800, 000. It
conducts boxing exhibitions and professional basketball games in the coliseum. In a month, it had the following gross receipts
from professional basketball games: Gate receipts- P5, 000,000; Sales of food at stands maintained by it in the coliseum- P900,
000; Sales of television rights- P1, 000,000. The rent expense is P2, 400,000.